Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 9th, the average price of high-quality rubber grade silica in China was 6,025.00 RMB/ton. This week, the market price of silica remained stable, with a limited range of price fluctuations. As of 9th, the mainstream price was around 6,000 RMB/ton.

Analysis review

This week, the market price of silica was stable, with a mainstream price of around 6,000 RMB/ton. The focus of negotiations was stable, downstream procurement was mainly on demands, and the stocking enthusiasm was average. The manufacturer was mainly sell goods at a discount, and the number of new orders was limited. The latest quotations of traders: Ningbo Daoyuan Rubber and Plastic Technology Co., Ltd. quoted at 4,650 RMB/ton, Jinan Xinhou Trading Co., Ltd. quoted at 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted at 6,000 RMB/ton. The overall price of silica maintained the previous trend.

Chemical Commodity Index: On June 8th, the chemical index stood at 826 points, a decrease of 3 points from the previous day, a decrease of 41.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 38.13% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

SunSirs’ silica analyst believes that the silica market is mainly stable in the short term.

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